$132 million later, Ev Williams says he is raising even more money for Medium

Ev Williams needs more money for Medium , which he says is still not profitable.
Medium has received $132 million from investors so far.
"We are coming out of this phase where it was assumed that the best quality journalism is free in unlimited quantities," he said.
LISBON - Ev Williams, the Twitter cofounder who has so far raised $132 million in investment for his longform publishing platform Medium , says the company is still not profitable and he will be raising more money.
The announcement - made today at the Web Summit tech conference in Lisbon - will raise eyebrows because Medium is...Read more ...